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their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> 28 days until the country plummets off the tax and fiscal cliff. big tax hikes could be coming for everyone but we see also a drastic reduction in the number of millionaires in the u.s. as a result of this tax cliff. robert frank joins us now with the details. good evening, robert. >> good evening. drastic is right. if we go over the cliff the wealthy will become less wealthy and fewer americans would become wealthy. the u.s. has around 5 million millionaires with a total wealth of $18.8 trillion. next year there are three possible scenarios all of them depend on the cliff. if we go over the live the population of millionaires would drop by 315,000. their fortunes would drop by $240 billion. if we get a deal but bad for the economy the millionaire population would drop by 26,000 millionaires. if we get a deal and the economy grows then millionaire
, my great pleasure, welcome back to the show, i call him america's mayor. the former mayor of new york city. rudy jew rudy giuliani. most folks want you to run again, former mayor, but i don't think that's in the cards. let me begin with an easy question. what do you make of this millionaire's threshold? john boehner's plan b, spending cuts, tax rates? you tell me. >> i agree with heather. probably the best john boehner can do. difficult for the republicans. 80-plus just ran four years ago with a promise they wouldn't raise taxes. i can understand why he's having trouble getting those votes, but i think he has no choice but to the try to pass snag soomething pushes the ball back into the president's court. the passage of the spending decreases was important. that's really where the emphasis should be. in tan ideal world, shouldn't raise taxes, shouldn't give the government more money because they're wasting money. we're not an an ideal world. i think john boehner, plan b is probably the best he can get. >> ask i ask, the other side of heather's point, republicans are losing the messagi
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